Quarterly report pursuant to Section 13 or 15(d)

Condensed Statements of Earnings (Unaudited)

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Condensed Statements of Earnings (Unaudited) - USD ($)
3 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Net sales $ 51,109,000 $ 27,092,000
Cost of sales 28,137,000 15,723,000
Gross profit 22,972,000 11,369,000
Operating expenses    
Selling, general and administrative 9,923,000 7,656,000
Income from operations 13,049,000 3,713,000
Interest income 120,000 134,000
Income before income taxes 13,169,000 3,847,000
Income tax expense 2,780,000 684,000
Net income $ 10,389,000 $ 3,163,000
Net income per share Basic (in dollars per share) $ 0.76 $ 0.23
Net income per share Diluted (in dollars per share) $ 0.75 $ 0.23
Weighted average shares outstanding:    
Basic (in shares) 13,743,503 13,692,533
Diluted (in shares) 13,897,787 13,696,815